Woulfe Mining is proud to be working in South Korea, which is one of the world's fastest growing, high-tech industrialized economies and boasts a culture of innovation, a mining friendly investment code as well as close trade relations with the most important markets in Asia. Asia's fourth-largest economy, South Korea has been a member of the G-20 since 2004.
The country is well governed as evidenced by the ability of the pro-business Myung-bak to cope well with the global financial crisis. In fact, South Korea has pulled out of the crisis ahead of most other countries.
This Asian nation has strong trading partners, including powerhouses China and Japan, and recently signed trade agreements with the European Union.
South Korea is one of the world's leading steel producers and its other main industries are electronics, telecommunication, automobile manufacturing, chemicals, shipbuilding and steel production --- making it a perfect market for the majority of Woulfe's production with the potential to supply companies such as TaeguTec (100% owned indirectly by Warren Buffet's Berkshire Hathaway), POSCO and Korea Zinc.
Other factors contributing to South Korea's resource investment appeal include:
Cautionary Note Regarding Mineral Resources and Mineral Reserves
- Moody's A1 credit rating
- Large foreign investment
- 15th largest economy in the world
- 7th largest exporting country in the world
- Major Korean success stories include:
Samsung, Hyundai, Kia, LG,
independent nuclear power generation,
world's largest ship builder,
Readers should refer to the Company's current technical reports and other continuous disclosure documents filed by the Company available on Sedar at www.sedar.com for further information on the mineral resource estimates of the Company's projects, which are subject to the qualifications and notes set forth therein, as well as for additional information relating to the Company more generally. Mineral resources which are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources have insufficient confidence to allow the meaningful application of technical and economic parameters or to enable an evaluation of economic viability suitable for public disclosure. Neither the Company nor readers can assume that all or any part of an inferred mineral resource will be upgraded to indicated or measured mineral resources. Most projects at the inferred mineral resource stage do not ever achieve successful commercial production. Each stage of a project is contingent on the positive results of the previous stage and that there is a significant risk that the results may not support or justify moving to the next stage.
Qualified Person under NI 43-101
Jon Gliddon C.Eng, General Manager UK for Tetra Tech and a consultant of the Company is the qualified persons responsible for the technical information on this website.
Mr. Gliddon is an Independent Qualified Person within the meaning of NI 43-101 and is responsible for the technical information on this website.
Quality Control and Quality Assurance
Woulfe executes a quality control program to ensure best practice in sampling and analysis.